Day: January 2, 2014

Virgin Metals Inc. Sells Cuatro Hermanos

Virgin Metals Inc. announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange.

Private Placement Increased

Further to its previous news releases, Cortez Gold Corp announces that it will increase its private placement by increasing the size of the offering to 5.5 million units, for gross proceeds of $1.1 million. The pricing remains unchanged at $0.20 per unit with each Unit consisting of one common share of the Company and one-half of one share purchase warrant with each whole Warrant entitling the holder to acquire an additional common share of the Company at $0.40 per share for a period of 24 months after issuance. The Warrants will be subject to an accelerated expiry should the common shares of the Company close at a minimum of $0.60 for a period of twenty consecutive trading days on the TSX Venture Exchange.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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